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Party conference review - what next for the PRS?

Posted on 2017-10-19

Party conference review - what next for the PRS?

This year, the Labour Party conference took place in Brighton between September 24th and 27th, while the Conservative Party Conference ran from October the 1st to the 4th in Manchester.

Below we look at what's been proposed for the housing and rental sector.

Labour Party Conference

Rental sector policies

  • Introduce powers to control rents in order to protect tenants from unsustainable housing costs.
  • Ensure that councils win a ballot of existing tenants and leaseholders before committing to any redevelopment schemes.

Wider housing policies

  • Levy additional tax on undeveloped land held by developers and introduce powers for compulsory purchase.
  • Ensure that regeneration is for the benefit of local people, rather than developers and 'property speculators'.
  • Require that people who live on an estate that is redeveloped are given a home on the same site and on the same terms as before.

Conservative Party Conference

Rental sector policies

  • Require all private landlords to become members of a Government-approved redress scheme, either directly or through a letting agent.
  • Introduce compulsory regulation of all letting agents which will include minimum training requirements and compliance with an industry code of conduct.
  • A new set of incentives for landlords to offer longer term tenancies of at least 12 months to renters.
  • Develop plans to introduce a housing court with the aim of streamlining the current system and saving time and money for landlords and tenants.

Wider housing policies

  • Provide an extra £2 billion for affordable housing that will provide 25,000 additional homes over five years.
  • Pledge an additional £10 billion for the flagship Help to Buy scheme.
  • Encourage a rebirth of council housebuilding by giving town halls more cash to start building and monitoring progress with tough targets.

As we can see, housing and rental sector matters once again took a prominent role in the leading parties' addresses - Jeremy Corbyn referenced housing extensively in his keynote speech, while Communities Secretary Sajid Javid proposed four completely new measures for the rental sector.

Next stop is the Budget on November 22, when we expect to find out more about any of the Governments' new housing policies. 

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